“We’ve had positive operating results (EBITDA) for a few years and now we must take the next step, that is being able to fully finance our operations and get at least one neutral financial result,” Bruno Ribo told ZF.
ArcelorMittal Galati ended last year with about 3.5 billion lei (EUR786 million) revenue, down almost 8% and RON271 million lei losses, 9% lower than in 2015. The personnel restructuring process will continue over the coming years, given the trend to go digital, which leads to changes in job profiles and even to the disappearance of some, the executive says.
ArcelorMittal Galati will continue to cut jobs year by year. Some older people will leave, and the company will bring in new young workforce. Still, the number of new employees will not be greater than the number of those who leave, Bruno Ribo said.
(English version by Loredana Fratila-Cristescu)